In a nutshell, what are the most important steps for achieving more jobs and growth in Europe?
There are many pieces in the jigsaw puzzle. It is the whole policy mix that counts. We need to make Europe an attractive place to invest and to work. That means budgetary sustainability, better regulation and the right tax and benefit systems. We need to improve education and training to allow more people to reach their full potential, for their own sake and that of society as a whole. We need to invest in research to maintain our comparative advantage. We need more competition to make sure that research feeds through into real innovation, as companies strive to stay ahead of competitive markets. We need to make our economy more adaptable to change and more resistant to external shocks. We need more people of all ages in employment to finance social spending as our populations age. All of these things require substantial European and national level reform.
